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Pilgrim's Pride (PPC) Stock Price, News & Analysis

Pilgrim's Pride logo
$51.34 +1.01 (+2.01%)
(As of 11/15/2024 ET)

About Pilgrim's Pride Stock (NASDAQ:PPC)

Key Stats

Today's Range
$50.13
$51.89
50-Day Range
$40.37
$53.82
52-Week Range
$25.23
$55.50
Volume
1.15 million shs
Average Volume
1.01 million shs
Market Capitalization
$12.17 billion
P/E Ratio
12.40
Dividend Yield
N/A
Price Target
$45.50
Consensus Rating
Hold

Company Overview

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls. It also provides plant-based protein offerings, ready-to-eat meals, multi-protein frozen foods, vegetarian foods and desserts. In addition, its exported products include whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets and primary pork cuts, hog heads, and trotters frozen for distribution to export markets. The company offers its products under the Pilgrim's, Just BARE, Gold'n Pump, Gold Kist, County Pride, Pierce Chicken, Pilgrim's Mexico, Savoro, To-Ricos, Del Dia, Moy Park, O'Kane, Richmond, Fridge Raiders, and Denny brands. It serves chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, such as grocery store chains, wholesale clubs, and other retail distributors. It operates in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim's Pride Corporation operates as a subsidiary of JBS S.A.

Pilgrim's Pride Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
45th Percentile Overall Score

PPC MarketRank™: 

Pilgrim's Pride scored higher than 45% of companies evaluated by MarketBeat, and ranked 99th out of 143 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Pilgrim's Pride has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Pilgrim's Pride has only been the subject of 4 research reports in the past 90 days.

  • Read more about Pilgrim's Pride's stock forecast and price target.
  • Earnings Growth

    Earnings for Pilgrim's Pride are expected to decrease by -8.55% in the coming year, from $4.91 to $4.49 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Pilgrim's Pride is 12.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Pilgrim's Pride is 12.40, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 18.89.

  • Price to Earnings Growth Ratio

    Pilgrim's Pride has a PEG Ratio of 0.22. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Pilgrim's Pride has a P/B Ratio of 2.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Pilgrim's Pride's valuation and earnings.
  • Percentage of Shares Shorted

    13.23% of the float of Pilgrim's Pride has been sold short.
  • Short Interest Ratio / Days to Cover

    Pilgrim's Pride has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Pilgrim's Pride has recently decreased by 12.92%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Pilgrim's Pride does not currently pay a dividend.

  • Dividend Growth

    Pilgrim's Pride does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    13.23% of the float of Pilgrim's Pride has been sold short.
  • Short Interest Ratio / Days to Cover

    Pilgrim's Pride has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Pilgrim's Pride has recently decreased by 12.92%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Pilgrim's Pride has a news sentiment score of 1.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Pilgrim's Pride this week, compared to 5 articles on an average week.
  • Search Interest

    Only 4 people have searched for PPC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Pilgrim's Pride to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Pilgrim's Pride insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    82.63% of the stock of Pilgrim's Pride is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 16.64% of the stock of Pilgrim's Pride is held by institutions.

  • Read more about Pilgrim's Pride's insider trading history.
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PPC Stock News Headlines

Pilgrim’s Pride reports $8M in Helene losses
“This Changes Everything” - Trump Hands Millions Massive IRS Gift
Now it's your time to return the favor by taking advantage of this tax "revenge loophole." Because even as we wait for Trump's agenda to kick in…
Pilgrim’s Pride price target raised to $49 from $45 at Barclays
See More Headlines

PPC Stock Analysis - Frequently Asked Questions

Pilgrim's Pride's stock was trading at $27.66 at the start of the year. Since then, PPC shares have increased by 85.6% and is now trading at $51.34.
View the best growth stocks for 2024 here
.

Pilgrim's Pride Co. (NASDAQ:PPC) announced its earnings results on Wednesday, October, 30th. The company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.36. Pilgrim's Pride's revenue for the quarter was up 5.2% on a year-over-year basis.

Top institutional shareholders of Pilgrim's Pride include Pacer Advisors Inc. (2.20%), Jacobs Levy Equity Management Inc. (0.61%), State Street Corp (0.53%) and Thrivent Financial for Lutherans (0.39%). Insiders that own company stock include Fabio Sandri and Matthew R Galvanoni.
View institutional ownership trends
.

Shares of PPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Pilgrim's Pride investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), General Electric (GE) and Jabil (JBL).

Company Calendar

Last Earnings
10/30/2024
Today
11/17/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/24/2025

Industry, Sector and Symbol

Industry
Poultry slaughtering & processing
Sub-Industry
Packaged Foods & Meats
Current Symbol
NASDAQ:PPC
CUSIP
72147K10
Employees
61,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.50
High Stock Price Target
$55.00
Low Stock Price Target
$36.00
Potential Upside/Downside
-11.4%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$321.57 million
Pretax Margin
7.17%

Debt

Sales & Book Value

Annual Sales
$17.36 billion
Cash Flow
$3.41 per share
Book Value
$17.79 per share

Miscellaneous

Free Float
41,188,000
Market Cap
$12.17 billion
Optionable
Optionable
Beta
0.81

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This page (NASDAQ:PPC) was last updated on 11/17/2024 by MarketBeat.com Staff
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